While the number of companies surveyed increased significantly, the overall improvement in payment performance within the financial services sector was marginal, representing a gain of just 1.2 points. This small increment suggests existing payment processes are largely stable, with limited significant advancements or setbacks. To calculate the financial impact of late payments on your business, use a late payment calculator.
One-line summary: The financial services sector saw a slight improvement in payment performance from an average score of 82.5 (out of 100) in 2022 to 83.7 in 2023.